Lernkarten

Julia Rawyler
Karten 37 Karten
Lernende 1 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 06.06.2021 / 29.06.2021
Lizenzierung Keine Angabe
Weblink
Einbinden
0 Exakte Antworten 19 Text Antworten 18 Multiple Choice Antworten
Fenster schliessen

Budgeting is the process of establishing company-wide objectives that serve as a deterrent to waste and inefficiency.

True

False

Fenster schliessen

The effectiveness of the budget program is directly related to its acceptance by all levels of management.

True

False

Fenster schliessen

Budgeting always has the effect on human behavior of inspiring managers to higher levels of performance.

True

False

Fenster schliessen

One disadvantage of budgeting is that it does not facilitate the coordination of activities within a business.

True

False

Fenster schliessen

The sales budget is the first budget prepared and each of the other budgets depends on it.

True

False

Fenster schliessen

The quantities of direct materials in the direct materials budget are derived from the formula: Desired Ending Direct Materials Units + Direct Materials Units Required for Production – Beginning Direct Materials Units = Required Direct Materials Units to be Purchased.

True

False

Fenster schliessen

The manufacturing overhead budget shows only the expected indirect labor costs for the year.

True

False

Fenster schliessen

The budgeted income statement indicates the expected profitability of operations for the next year and provides the basis for evaluating company performance.

True

False